Slower Demand for Larger Vessels Drags Baltic Index Lower
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday due to diminishing demand for larger vessels.
Maersk Returns to Liverpool
Maersk has been welcomed to the Port of Liverpool with a formal reception for its feeder vessel Antwerp. The event on April 27 was attended by Seago and Maersk representatives along with customers, and was followed by a port tour, including a trip to the top of the 90m Grain Tower. The 1,100 TEU Antwerp made its first call last week. Operator Seago is the latest carrier to introduce a new service via Liverpool and will provide a new cargo route between Algeciras-Liverpool-Dublin.
Bollinger Wins Contract for Phase II FRC Builds
Louisiana shipbuilder Bollinger Shipyards announced it has secured a contract to build Phase II of the Sentinel Class Fast Response Cutters (FRC) for the United States Coast Guard (USCG). The FRC, the newest generation of USCG patrol cutters, is a replacement for the Coast Guard Island Class cutters that Bollinger built over three decades ago. Bollinger’s CEO and President Ben Bordelon said, “We are pleased with this award to build 26 FRC Coast Guard cutters.
Asia Dry Bulk-Capesize Rates Under Pressure
Capesize rates fall in a quiet market as holidays weigh; 20 charter-free capesize ships could add to downward trend. Freight rates for large capesize dry cargo ships…
Egypt to receive first LNG shipment from Rosneft in May
Egypt will receive the first of five agreed shipments of liquefied natural gas (LNG) from Russia's Rosneft this month, an official at the state gas board EGAS told Reuters on Thursday.
Massive Layoff Ahead for Hyundai Heavy
Another massive reduction in the Korean shipbuilding workforce may come as most shipyards are still struggling with falling orders and mounting losses, reports Yonhap quoting industry sources.
Gard Alert: Is Fuel in your Emergency Equipment Fit for Purpose?
Imagine the following scenario: It is in the middle of winter in the north Atlantic, freezing cold with rough seas, when an emergency onboard a tanker requires the crew to abandon the ship.
Daewoo Shipyard Posts Q1 Operating Loss
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. posted a first-quarter loss after incurring more costs to finish some offshore projects. First…
Yilport Acquires Sweden's Gavle Terminal
Turkish terminal operator Yilport Holding has gained full control of Gävle’s terminals. Yilport Holding acquired 100% shares of Gävle Container Terminal (GCT) and Baltic Sea Gateway (BSG).
China's CNOOC Expands Fujian LNG Terminal
China's biggest liquefied natural gas (LNG) importer CNOOC has started building two storage tanks at a receiving terminal in Fujian province for the super-chilled fuel…
Abu Dhabi Puts Fujairah LNG Terminal On Hold
Citing sources familiar with the matter, Bloomberg reports that Abu Dhabi is delaying the construction of the UAE’s first land-based LNG import terminal after contracting…
Arabian Shipping at Risk of Al Qaeda Attack
Al Qaeda's Yemen branch remains a powerful force and poses a growing risk to merchant ships in vital waterways nearby despite efforts by Yemeni government forces…
Mariner Rescued after 2 Months at Sea
A 29-year-old man arrived in good condition to Honolulu Wednesday aboard a Coast Guard small boat after being rescued by merchant mariners in the Southeastern Pacific…
ICS Pushing For Balanced Update of York Antwerp Rules
At the Comité Maritime International (CMI) Conference, in New York this week, the International Chamber of Shipping (ICS) will be pressing to ensure that the proposed…
DNV GL 7 JIPs in North America
In a concerted drive to find smart solutions to safely reduce complexities and cost in the North American oil and gas industry, DNV GL is leading seven new joint…
FUSION Partners Axopar Boats
FUSION, announced today that it signed a partnership with Axopar Boats. Under the terms of the agreement, the full range of Axopar boats will be offered with FUSION…
Recent strength in dry bulk shipping to be short-lived - Drewry
Drewry forecasts dry bulk freight rates in 2016 will be, on average, lower than in 2015, as the medium-to-long term fundamentals for dry bulk shipping will remain challenging…
Aydin Marine Debuts Multi-Touch K-17T
Aydin Marine – the manufacturer of industry-leading, type-approved displays, computers and peripherals, announced today the release of a 17-inch multi-touch, sunlight…
$280m Deal for Pacific Patrol Boats Replacement
The Turnbull Government today signed a contract with Austal Ships Pty Ltd to build and sustain up to 21 steel-hulled vessels to replace the existing fleet of Pacific…
Dryad Maritime Unveil WxConnect
Today, 5th May 2016, Dryad Maritime release WxConnect, a new scalable, managed weather forecasting service for ships and fleets. The service was designed and developed…
